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CSPAN
Sep 30, 2012 11:00pm EDT
changes in the tax and budget regime we have. very serious changes that will hurt. so nobody wants to do it. the worst thing that happened is we do not do any of them until we have a crisis, a really horrible crisis, and defaulted on the debt would be pretty bad if it were allowed to happen for more than a day or two. a horrible crisis can happen in other ways. for example, and this is something we really have to pay more attention to, the previous 10 leaders of the council of economic advisers -- maybe it was more -- from both parties, last year, jointly signed an open letter to congress and the administration saying, if we do not get this situation under control, one day, and no one knows when it will be, but for sure, one day, the bond market, all the people and institutions in the world to lend that money to the united states, will demand a higher interest rate. it will go up and up and up. when it does, what they said was we will have a financial crisis that will make the 2008 financial crisis look small. that is the real danger. >> one quick thing. allan took a whack at the r
CSPAN
Sep 29, 2012 7:00pm EDT
double-digit inflation, the high tax rates that i think were hurting the economy, the stagflation that we were undergoing. before even the election day, something that none of those economists had even predicted had happened, that the economy was so worsened that i was openly saying that what we had thought on the basis of our plan could have brought a balanced budget -- no, that was no longer possible. so, the plan that we have had and that we are following is a plan that is based on growth in the economy, recovery without inflation, and reducing the share that the government is taking from the gross national product, which has become a drag on the economy. already, we have a recovery that has been going on for about 21 months to the point that we can now call it an expansion. under that, this year, we have seen a $21 billion reduction in the deficit from last year, based mainly on the increased revenues the government is getting without raising tax rates. our tax cut, we think, was very instrumental in bringing about this economic recovery. we have reduced inflation to about a third of
CSPAN
Sep 30, 2012 6:00am EDT
dollars in tax cuts for the wealthy. what was the result. ? these are the facts. the result was by the time the rain that turned back over to barack obama and me, they had doubled the national debt in 8 years. the fourth, fifth, or six days we were in office, we were sitting in the oval office at sunset, mr. president, looking at his year's budget you are going to have a trillion dollars deficit. he said, i have not done anything yet. [laughter] he said, no mr. president, the budget they passed guarantees no matter what you do, you will have a trillion dollar debt this year in the budget. a trillion dollar deficit, to be precise. these guys talk about the national debt. what date did generated the -- what they did generate -- generated the jobs since world war ii. it gave us this great recession. what they have not told us is what they are willing to do about it. we laid out a $4 trillion debt reduction plan over next 10 years. we have already passed $1 trillion of it. these guys voted against everything. not only did they say they did not like our plan -- what is your plan? you go
CSPAN
Oct 2, 2012 5:00pm EDT
here. -- thanks, everybody. as howard mentioned, a big report about the tax components of the fiscal cliff and what the effects could be on american households. i want to make five basic points that we raised in that study. the fiscal cliff really is big. it would be more than $500 billion in a tax increase. this works out to a tax increase of more than 20%, which is very large. looking at whether this would be the largest tax increase in history. for the average household, that works out to about $3,500. someone who earns around $50,000, it would be somewhere in the neighborhood of $2,000. the second point is it affects virtually everybody. close to 90% of households would see their taxes go up. there are a few folks out there, primarily older seniors and citizens who do not have children who might not be affected, but the vast majority of american households would be affected by going off of the cliff. the first order for business is running through what the effects will be. those of you in the room have a handout that summarizes things. those of you at work and at home shou
CSPAN
Sep 29, 2012 10:15pm EDT
quote them. and i will cut taxes for middle- class families. i believe it's important to
CSPAN
Oct 2, 2012 6:00am EDT
united states senate. they have said enough spending, enough in debt and enough taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your
CSPAN
Sep 28, 2012 7:00am EDT
basically think that if we just spend another $5 trillion on tax cuts that favor the very wealthiest, then -- don't boo. vote. vote. vote. >> we got one new idea. one thing he did not do in his first four years, he said he's going to do in the next four years, which is to raise taxes. and is there anybody who thinks that raising taxes will help grow the economy? >> no! >> no, his plan is to continue what he has done before, the status quo has not worked. we cannot afford four more years of barack obama. we're not going to have four more years of barack obama. >> wednesday, president obama and mitt romney meet in their first presidential debate. the news hour's jim lehrer moderates from the university of denver. watch and engage with c-span, including our live debate preview at 7:00 p.m. eastern, the debate at 9:00, and post-debate, your reactions, calls, and emails and tweets. follow our live coverage on c-span, c-span radio, and online at c-span.org. >> september 11, 2001, was a day that changed my life forever. it changed america's life. i'm going to go through a power point presen
CSPAN
Oct 2, 2012 8:00pm EDT
bills and a tax cut. that was done with the republican governor, is split between republicans and democrats in the house and senate. it was a bipartisan effort. we got it done for texas. road. been on the i really do not know. >> mr. sadler, a democrat has not won a statewide office in texas since 1994. do you consider this an uphill battle? >> for an open senate seat, it is always a battle, and should be, and needs to be, regardless of the party. i understand we have not elected a democrat in a long time. >> let's go to mr. cruz. he said the day after you beat lt. governor dewhurst, he said he would run scared for the general election. but you have agreed to this and what other debt -- televised debate. you criticized governor dewhurst for having almost 40 candidate forms up to the primary, but are you planning its eighth and coasting? safe and coasting? >> we have been crisscrossing the state of texas. we have been all over the state, literally hundreds of dop's and vfw halls and enny's talking with voters in every part of the state. that is what we are doing between now and ele
CSPAN
Oct 1, 2012 12:00am EDT
worsened last year, to reject calls for further spending cuts or tax rises and balance the budget over a longer timescale. a plan that, even at the end of this parliament, will see public spending account for 42 per cent of gdp -- higher than at any point between 1995 and 2008 when the banks collapsed. and a plan that, because it commands the confidence of the markets, has given us the room to create a business bank, provide billions of pounds of infrastructure and house building guarantees and an £80 billion funding for lending scheme -- the biggest of its kind anywhere in the world. of course so much of this is about perception. people keep telling me we should be doing what barack obama did with his fiscal stimulus. what they don't tell you is that much of what the president had to legislate for, we are already doing automatically. so let's not allow the caricature of what we are doing go unchallenged. if plan a really was as rigid and dogmatic as our critics claim, i'd be demanding a plan b, and getting danny and vince to design it. but it isn't. which is why you were right, earlier
CSPAN
Oct 3, 2012 1:00pm EDT
committee be smaller tax >> we were talking about rumors earlier in the context of -- might thed committee be smaller? >> we were talking rumors earlier. probably the u.s. is on the side, a minor concern that may have affected by a day or two. but fundamentally i think this got decided out of an internal logic in china, and not looking at united states. my own personal guess is that if you look at the pool of people eligible to be the next and the commit -- standing committee, we may have some difficulty deciding which fisher going to get pulled out of the pond. it is revealing to look at the fish in the pond, the totality of what they are choosing among and what we're looking at is a more diverse group of people in terms of education, business, law, even humanity, to some extent. we are looking at a broader generations. we are looking at people, we were talking about xi. he has some enormous experience, my those leaders from all over the world visiting his city. i think we are looking at people experienced in the world. when we look back in history, i expect we will say there was a surge
CSPAN
Oct 1, 2012 12:00pm EDT
will be the only candidate advocating eliminating income tax, corporate tax, abolishing the irs and replacing that with one federal consumption tax. i embrace the fair tax. i think that is the answer to jobs. if the private sector does not create tens of millions of jobs, i did not know what it will take to create tens of millions of jobs. it is the entry to china. i see manufacturing jobs flocking back to the united states. are you hearing these things from these other two guys? no. they are arguing over who will spend more money on medicare. romney said he wants to increase spending for the military and balance the budget. it doesn't add up. i guess we believe in santa claus and the easter bunny and i do not think they are coming. host: gary johnson is with us and will add a third line for third party voters. we will get to your calls in just a couple of moments. what is the strategy for the rest of the election? guest: right now there is a lot of attention that is being drawn to what it is that i am saying. i'm being recognized for being at 6% nationally. i'll ask you an obvious
CSPAN
Oct 3, 2012 10:30pm EDT
tells you he will tax -- not lower taxes on the rich by cutting out deductions. just like the president said, he did not hammer him enough on it. even if you add up all of the deductions and then the defense spending, you are just going further into the hole. >> thank you. that is dave's tweet to us. we also have our facebook page open and our twitter account. you can send us lots of comments and any of these mediums. you can reach us on facebook.com/cspan. this is laurie who is a democrat. >> this is maria. i was calling to say i think romney is running on his ego. what he has been talking about all through this campaign was just taking care of the rich and not try to help the ones down below. there are so many people that need help. when obama bought into office, he already had that debt. it takes time for a person to -- romney should know -- it takes time to settle that big of a debt in more than four years. it will take more for us to get out of the dead that we are in. i think we should give president obama a chance for the next four years and let him prove himself. every
CSPAN
Oct 1, 2012 2:00am EDT
card you know exactly what you're getting in to. that's why he cut taxing for families and small businesses. balls we believe that teachers and firefighters should not be paying higher tax rates than millionaires and billionaires, not in america. [applause] he got the all the industry back on its feet and today new cars are rolling off the line at proud american companies like g.m. and yes, while we still have a long way to go to rebuild our economy, understand we have had 30 straight months of private sector job growth, a total of 5.1 million new jobs under this president! good jobs. right here in the united states of america. [applause] let's talk about the health of our families. see, barack didn't care whether health reform was the easy thing to do politically. that's not who he is. he cared that it was the right thing to do, and thankfully because he fought for health reform, today our parents and grandparents on medicare are paying hundreds less for their prescription drugs. our young people can stay on their parents' insurance until they're 26 years old. [applause] insuran
CSPAN
Sep 30, 2012 2:30am EDT
that the impact of the tax and budget cuts and your economic policies have impacted severely on certain classes of americans -- working mothers, head of households, minority groups, elderly poor. in fact, they're saying the rich are getting richer and the poor are getting poorer under your policies. what relief can you offer to the working poor, to the minorities, and to the women head of households who have borne the brunt of these economic programs? what can you offer them in the future, in your next term? >> well, some of those facts and figures just don't stand up. yes, there has been an increase in poverty, but it is a lower rate of increase than it was in the preceding years before we got here. it has begun to decline, but it is still going up. on the other hand, women heads of household -- single women heads of household have -- for the first time there's been a turndown in the rate of poverty for them. we have found also in our studies that in this increase in poverty, it all had to do with their private earnings. it had nothing to do with the transfer of payments from g
CSPAN
Sep 29, 2012 10:00am EDT
investing in society. we pay taxes, we volunteer, we are role models. let us invest in long-term recovery support for young people so we can save lives and save resources. since joining the recovery committee, i had been living a life beyond my wildest dreams. this cannot happen without support. have the blessing of an incredibly family was an understanding from the beginning cured my sister and mother are both part of the recovery community. my sister has been a beacon of hope. my mom has also been in recovery is a family member for over six years. she actively participate in a peer to peer support groups for parents with youths of addiction. recovery is a journey. it is filled with support, camaraderie and love. are supported by peers going for the same experiences that i did throughout my incarceration. they shared their experience. six months after my release, and was accepted to rutgers university. i was able to move into the recovery house on campus, which has forever changed my life. for the past 2.5 years have been able to share my recovery with other people my age. it is
CSPAN
Sep 28, 2012 1:00am EDT
been doing that every single day. i work on the issue of jobs, taxes, spending. the reason i went back to congress is to continue to work to protect the american people against those who would destroy our way of life, and they are still there. good >> let's begin the questions. a reminder of the rules for each survey. the first question comes from marianne of public radio. >> comcast announced hundreds of job cuts in our area. you talk about jobs. he said congress failed to create enough jobs. when you solicited questions, the overriding issue was job creation. people want you to be very specific, so can you give us a concrete example of how you create jobs? >> there is no greater issue in our region. we are facing close to a 11% unemployment. we found out comcast is going to lose up to 300 jobs. they are threatening to lose jobs. we lost our fortune 500 company. we have to start bringing business to this region, and we can do that. i talked to small business owners. they are ready to start hiring again. the problem they have is getting access to loans. we need a tax policy that w
CSPAN
Oct 3, 2012 1:00am EDT
here. they should pay taxes. then we should have some kind of clear pathway. it does not mean the front of the line. we can make whatever requirements we want. but we cannot continue to stick our head in the sand. this is too important, too important for our state. if we do not do anything, we will have the same discussion. >> mr. cruz, do you support a path to citizenship for the 1.6 texas? >> i do not. and let me say more broadly, i think there is a very clear divide. as i said before, i commend mr. sadler for running as an unapologetic liberal. illegals. i do not. he supports obamacare. i do not. mr. sadler has opposed second amendment rights. i fight for second amendment rights. >> what does that have to do with? he is going off on -- >> mr. sadler has championed on income tax and the state of texas. i oppose that. there is a sharp difference. that is good, becauseit gives texans a clear choice between what is right -- the right direction. >> so what would you do for the illegal immigrants here? do you see that as a problem? >> the texas home-building and restaurant industries are s
CSPAN
Oct 2, 2012 1:00am EDT
forces us to or will we wait for the market to force us which will be a global depression, drop tax increases. is that what we are going to do? it is all about leadership. >> the risk of some asian taking us over -- some nation -- the risk of some nations taking us over should be in people's minds here >> you are an equal opportunity critic of both parties. you -- are you aligning yourself one way or another or supporting noncandidate? >> no. >> you were saying you are not support of at this point of how much effort the president or mitt romney hachette -- mitt romney has put into this so far you are not a fan of either solution? >> it is more than just them. it is the team that works with them. they have not come up with something that works. >> i think neither candidate right now has a comprehensive plan that leads the six principles we're talking about. president obama does not really have a plan because his plan is his budget but his budget was rejected unanimously by the senate and house in the last two years so he has to start over again. mitt romney has a plant -- p lan he ha
CSPAN
Sep 29, 2012 4:00pm EDT
has the highest corporate tax rate in the world. pushes jobs to our competitors. i agree with met ronnie m. paul bryant that we need to stop all the tax hikes -- mitt romney and paul ryan that we need to stop all the tax hikes. the president's health-care law is driving up costs. it is making it harder for small possesses to expand and hire -- businesses to expand and hire. let's rearepeal obamacare and replace it with common sense reforms that protect american access to care they need from the doctor they choose at a lower cost. we need to look at rainy and all the excess of red tape that is making it harder to work and do business. these ideas are in my job plan. republicans have common-sense proposals to remove these. president obama puts governments first. he wants to raise taxes on small businesses. he wants to keep our energy races under lock and key including the keystone xl pipeline. he wants more spending that will put us in debt to china. more of the same. where are the jobs that no wonder jobs are fleeing overseas. let's bring those jobs home, back to america, back to l
CSPAN
Sep 30, 2012 3:56pm EDT
barack obama proposes raising federal income taxes on households earning $250,000 or more a year. he promised that in 2008 as well, so the promise has been around for a while. less than -- barely half know that the current romney-run plan would preserve traditional medicare for the 65 or older and retain traditional medicare for those younger than that. 51% know that mitt romney would keep the bush tax cut in place permanently. some knowledge -- a long way to go. next slide, please. to candidates' records -- that payroll taxes increased during barack obama's time in office -- decrease during barack obama's time in office. 25.4% know more jobs were created in the first term of barack obama then the last term of george bush. that is a claim you see back- and-forth in advertising about who lost jobs and gained jobs. public confusion is to be expected. 31% knew that when mitt romney was governor of massachusetts, job growth in massachusetts improved. a claim in which democrats are trying to muddy the waters. in a long way to go in terms of improving pu
CSPAN
Sep 30, 2012 6:00pm EDT
over $3,000 a year. it is like a tax cut. for those families, it is a problem. it is also a problem for our economy. one of the most important ways for monetary policy is through consumer debt. they spend it in support of local businesses. whether it is fixing the roof are going out to dinner or what ever. it creates jobs. the fact that there is not as much refinancing is a problem. that is why a year ago when the president put forth his american jobs act, he also said "we will do more about refinancing." the first thing he did is say we're going to take the actions we can with their own powers to help more families refinance. that is specifically for families with government guaranteed mortgages. since we made those changes, we have seen a refinancing across the country double. in the states that were hardest hit, importantly. in nevada we have seen a more than tripling in the number of families we financing. we expected to reach at most 1 million homeowners. we are about to reach a million just in the first nine months. that is a real success. here is the problem. we have too many
CSPAN
Oct 3, 2012 7:00pm EDT
success of the private people that leads to tax dollars that build roads and bridges? the understanding of where our money comes from is important. >> thank you. can you tell us a little about yourself as a voter? how are -- old are you? caller: i am 22. i am a law student at cornell in upstate new york. i do not think the president has provided the right environment for businesses and for students and especially. i know too many people who are suffering under lost or that or student dead right now and cannot find a job and are living at home. i think mitt romney, with his experience as a businessman making the tough decisions and understanding how to make efficiency and competitiveness your top concerns will change that and give opportunities to people. we have had enough time with barack obama. it is time for results. it is time for a difference. >> thank you for justin, watching us in new york. up next is cody, in alexandria, virginia, an independent. what question would you ask? caller: i would ask mitt romney what he actually has an account offshore, an offshore accou
CSPAN
Sep 28, 2012 2:00pm EDT
. they basically think that if we just spend another $5 trillion on tax cuts that favor the very wealthy -- [crowd boos] >> don't boo. vote. vote. [cheers and applause] >> he has won no idea. there is one thing he did not do in its first four years he said he will do in his next four, which is to raise taxes. is there anybody who thinks raising taxes will help grow the economy? >> no. >> his plan is to continue what he has done before. the status quo has not worked. we cannot afford four more years of barack obama. we are not going to have four more years of barack obama. memo wednesday, president obama and mitt romney meet in their first presidential debate -- >> wednesday, president obama and money in the first presidential debate, hosted by jim lehrer from "the newshour." follow our live coverage on c- span radio and online at c- span.org. >> they just tell you the news straight up. there's no ads. that is arguably the biggest reason. i am a firm believer that the c- span video archives are truly a gift to the american people. it is arguably one of the most historical -- i wou
CSPAN
Sep 30, 2012 2:00pm EDT
person tax this is very much about individuals. he wants us to talk about them as people, not group. you're treating people as black or hispanic. on the other hand, you are treating people as homosexual. you're not thinking about them as individuals. striking down the definition of marriage is a huge deal. it is a puzzle no one knows the answer to. the second justice to think about is john roberts. he pays not a pivotal role eligible but he played a heavy role in terms of how fast the court does anything. when they have a solid majority, if they want to get to the end results. kennedy will provide a strong vote in. the chief justice has been more concerned about taking things incrementally. it will turn out. you think it is unconstitutional tax do you take a baby step in that area? do you say that section 5 is unconstitutional across the board? de you car back on the number of jurisdictions that are subject to the pre-clearance regime. you will find an incredibly important role. the fourth amendment case can cover the docket of all the cases coming up. be attentive to the new grant
CSPAN
Oct 3, 2012 6:00am EDT
>> are we more expecting that sort of examination or revelation of the personal tax and peccadilloes -- ticks and peccadilloes? there were times we help candidates up to a special level. have we leveled to the field? >> of course we are, because there was no mystery -- there is no mystery to it. television was introduced from england. there's no mystery to it. television was introduced around 1939 from england. and the great new yorker said it would become the chautauqua of the air, where great debates took place between learned people. now television did not come into politics until 1948, the first convention. and 1952, the story goes that the colonel in chicago who worked for mayor daley was sent by mayor daley to the auditorium and he looked around and he saw a man who turned out to be the producer. and he asked how many people will watch this? and he replied, colonel, i think about 48 million. -- wel harvey's reaction can never allow that. [laughter] >> i think that captures it great. to say that many of us do hope to see more when we watch these debates. more of the
CSPAN
Oct 1, 2012 10:00am EDT
, federal taxes, a whole host of bedroll laws. it says, for the purpose of federal law, the word marriage means of a legal union between one man and one woman, husband and wife, and spouse refers only to a person of the opposite sex. that is the section of the law that president obama has declined to defend. at the house, they have created the bipartisan legal adviser group that is during the defense of these laws since the administration has advocated its role in defending it. -- has abdicated its role in defending it. there are several cases that have petitions for the court to decide amongst. the first one, probably the front runner, is a combination case of massachusetts nurses the department of human services. -- massachusetts vs. the department of human services. the equal protection clause violates the defense of mayor jack -- or the defense of marriage at-the people protection clause because there is no rational basis for it does not pass scrutiny. the idea of which level of scrutiny it must pass is a question. but they are happy to argue both. this case is interesting because jus
CSPAN
Oct 4, 2012 1:00am EDT
time to change the subject. i think he had had enough talking about taxes and debt. how much of it is just not true? there was one moment when they were talking about how only 3% of the business owners would be affected, but governor romney came back and pointed out that they are the ones who create most of the jobs. i think tonight was an important moment. i think for the first time, the american people saw these two men standing next to each other. they saw a dramatic difference between someone based on realistic ideas and a president who's in towercam pay is based on rhetoric and myth. >> the facts or on his side. the president could not justify his position. the first the minutes were painful to watch. the president kept going are around and around on the tax issue. the governor was ready. muncie realized he had run out of a tax and things to say that were not true, he wants to change the subject. he turned to the moderator and said maybe we should move on to something else pyrrhic he was clearly uncomfortable discussing the debt and the economy. greg will we see a jump in the
CSPAN
Oct 3, 2012 9:00pm EDT
if we cut taxes skew toward the wealthy and roll back regulations we will be better off. i have a different view. we have to invest in education and training. it is important to develop new sources of and in america, change our tax code to help small businesses and companies investing in the united states. that we take some of the money that we are seeing -- saving to robo-call america -- rebuild america. it will be up to the voters was path we should take. will we double down on the top- down economic policies that helped get us into this mess or embrace a new economic patriotism that says america does best when the middle class does best. i will forward to having that debate. >> it is in honor to be here with you. i appreciate the chance to be with the president. congratulations to you mr. president on your anniversary. i am sure this is the most romantic place you could imagines here with me. congratulations. this is a tender topic. i have met people across the country. i was in dayton, ohio and a woman said i have been out of work since may. can you help me? yesterday was a ra
CSPAN
Oct 2, 2012 10:00am EDT
years ago when you're in the position to buy your business, you needed a tax cut then. i want to make sure the plumber, said the nurse, the firefighter, it the teacher, the young entrepreneur who does not have money, i want to give them a tax break now. not only did 98% of small businesses like less than to under $50,000. i also want to give them additional tax breaks because they are the drivers of the economy. >> we need to spread the wealth around. in other words, we're going to take joseph money, give it to signature obama and let him spread the wealth around. the whole premise behind the plans are class warfare, but spread the wealth around. i want small businesses that would receive an increase in their taxes. why would you want to increase anybody's taxes right now? these people are going to create jobs unless you take that money for him and spread the wealth around. i am not going to do that. >> number one, i want to cut taxes for 90 5% of americans. it is sure my friend and supporter warren buffett could afford to pay a low tax. in order to give taxes. then exxon mobil which
CSPAN
Sep 29, 2012 6:00am EDT
economics. the basically believe if we spend another $5 trillion on tax >> don't boo, vote. >> >> he has one thing he did not do in his first four years, which is to raise taxes. is there anybody who thinks raising taxes will help the economy? his plan is to continue what he has done before. the status quo has not worked. we cannot afford them a more years of brought the bomb. >> wednesday, president obama and mitt romney meet in their first presidential debate. watch and engage with c-span. post debate, your reaction, calls, e-mails, and tweets. >> not a debate between former wisconsin governor tommy thompson and u.s. rep tammy baldwin. this debate is hosted by the wisconsin broadcasters association. the cook political report raised his race a tossup. this is one hour. >> good evening. radio and television broadcasters are pleased to continue our public affairs broadcasts tradition began in 1990 sponsoring debates in major political campaigns. the debate will be broadcast over 80 wisconsin television stations. this evening's debate will engage the two leading candidates in their first f
CSPAN
Oct 4, 2012 10:00am EDT
we have been, but where we are going. governor romney has a perspective that says, if we cut taxes, skew toward the wealthy, and roll back regulations we will be better off. i have a different view. i think we have to invest in education and training. i think it is important for us to develop new sources of energy here in america, that we change our tax code to make sure we are helping small businesses and companies here in the united states. that we take some of the money we are saving as we wind down two wars to rebuild america, and that we reduce our deficit in a way that makes us ablet -- that makes it able for us to create critical investments. it is up to you. are we going to go from the top down, which is what got us into this mess, or do we embrace the new economic patriotism that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney. >> thank you, jim. i appreciate the chance to be with the president. appreciate the university of denver and their welcome. congratulations to you, mr. president, on your annivers
CSPAN
Sep 29, 2012 10:15pm EDT
congress in total; three years before an economic plan, and he still didn't say tonight that that tax bill he vetoed raised taxes only on the rich and gave the rest of you a break -- but he vetoed it anyway. i offer a new direction. invest in american jobs, american education, control health care costs, bring this country together again. i want the future of this country to be as bright and brilliant as its past, and it can be if we have the courage to change. [applause] >> president bush, your opposing statement. >> let me tell you a little what it's like to be president. in the oval office, you can't predict what kind of crisis is going to come up. you have to make tough calls. you can't be on one hand this way and one hand another. you can't take different positions on these difficult issues. and then you need a philosophical -- i'd call it a philosophical underpinning. mine for foreign affairs is democracy and freedom, and look at the dramatic changes around the world. the cold war is over. the soviet union is no more and we're working with a democratic country. poland, hungary, c
CSPAN
Sep 30, 2012 3:15am EDT
of taxes and spending. it goes to governor clinton for a 2 minute question. it is asked by ann compton. >> governor clinton, can yo middle income families can be guaranteed a tax cut or what income level they can be guaraeed no tax increase. >> the tax increase figures in at $200,000 and above. >> they had their incomes go up while taxes down. middle class people defined as people with incomes as $52,000 and down had their incomes go down while th taxes went up in the reagan-bush years because of 6 increases in the payroll taxes. that is where it would trigger. >> there would be no tax increases below -- >> my plan, notwithstanding -- my plan igures in at family incomes of $200,000 and above andgive modest middlerelief to restore faespecially to people with incomes below in addition to that, the money i raise from upper monepeople, if they pay the same income on their income the same as american corporations do, they will give incentives back. i wt to give permant incentives back. a resource and development credit, a long term proposal for business and expansion. we have to hav
CSPAN
Sep 29, 2012 8:30pm EDT
%. today it is up a plus 4%. personal earnings after taxes per capita have gone up almost $3,000 in these 4 years. in 1980 -- or 1979, a person with a fixed income of $8,000 was $500 above the poverty line, and this maybe explains why there are the numbers still in poverty. by 1980 that same person was $500 below the poverty line. we have restored much of our economy. with regard to business investment, it is higher than it has been since 1949. so, there seems to be no shortage of investment capital. we have, as i said, cut the taxes, but we have reduced inflation, and for 2 years now it has stayed down there, not at double digit, but in the range of 4 or below. we believe that we had also promised that we would make our country more secure. yes, we have an increase in the defense budget. but back then we had planes that couldn't fly for lack of spare parts or pilots. we had navy vessels that couldn't leave harbor because of lack of crew or, again, lack of spare parts. today we're well on our way to a 600-ship navy. we have 543 at present. we have -- our military, the morale is high
CSPAN
Oct 1, 2012 8:00pm EDT
why i am running. they said enough spending come out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will f
CSPAN
Sep 27, 2012 6:00am EDT
worth of tax increases or $10 worth of basically tax cuts and everybody raised their hands and said they would not accept that. we have become a country where -- it is not just one side, both sides, but more one side now than ever is not willing to be realistic about how we can tackle these challenges. if there is a crisis that i see in the united states for the long term, it is not the temporal issue of how we will deal with money. because i am very confident we will be able to deal with that. it is how will we bring that -- bring back our sense of what we can accomplish together as americans when we are realistic about those challenges. that is the thing i think about with the word "crisis" in this country. >> mayor castro is not the first to suggest that. for 10 years now, we heard that the government is not asking all of us to do enough. >> it is interesting. the word "sacrifice," when i hear a politician say that, it usually means grab your wallet. it usually means increasing taxes. and i will give president obama credit to in his the first presidential candidate since walter m
CSPAN
Sep 30, 2012 6:30pm EDT
credit card you know exactly what you're getting in to. that's why he cut taxing for families and small businesses. balls we believe that teachers and firefighters should not be paying higher tax rates than millionaires and billionaires, not in america. [applause] he got the all the industry back on its feet and today new cars are rolling off the line at proud american companies like g.m. and yes, while we still have a long way to go to rebuild our economy, understand we have had 30 straight months of private sector job growth, a total of 5.1 million new jobs under this president! good jobs. right here in the united states of america. [applause] let's talk about the health of our families. see, barack didn't care whether health reform was the easy thing to do politically. that's not who he is. he cared that it was the right thing to do, and thankfully because he fought for health reform, today our parents and grandparents on medicare are paying hundreds less for their prescription drugs. our young people can stay on their parents' insurance until they're 26 years old. [applause] insuran
CSPAN
Oct 3, 2012 10:00am EDT
another $5 trillion on tax cuts for the wealthiest americans, if we get rid of regulations on wall street, then all our problems will be solved and jobs and prosperity will trickle down on all of you, debts will disappear, we will live happily ever after. there is only one problem with that. we tried that in the ticket before i became president. it didn't work. top down economics never works. we don't need to double down on the same trickle-down policies that got us into this mess in the first place. we don't need policies that just help folks at the very top. that is not how the country grows. that is not how we succeed. we succeed when at the middle class gets a bigger, when more people have a chance to get ahead and live up to their god- given potential. far when we very have leaders who write off half the nation as a bunch of the victims who don't take responsibility for their lives. let me tell you, i have been to nevada in line. you guys may get tired of me. but as i travel around the state, i don't see a lot of the victims. i see a lot of hard-working nevadans. [applause] i see stu
CSPAN
Oct 1, 2012 7:00am EDT
class tax cuts. why? because they were holding it hostage to make sure they could continue their tax cuts. and romney adds another tax cut with a total cost to the economy of $1.70 trillion. it is $250,000 a year in additional tax cuts for those same 120,000 families and anybody making more than $1 million. >> all these promises were made on the idea of hope and change and it sounded pretty good to people. but when the rhetoric went aside and the time to act occurred, the ideas are the old idea that a failed time and again. borrowing and spending and regulating and taxing and printing money, all these things do not lead to prosperity and. all these policies say take power from people, many from families and a successful small businesses and job creators, ascended to washington and then they decide. that does not work. host: that's a taste of the vice-presidential nominees over the weekend. they will go head-to-head on october 11 in their only official the bait. let's stick to your calls. will the vice-presidential candidates impact your vote? in harvey, louisiana, our first calle
CSPAN
Sep 30, 2012 1:00am EDT
thoughts, then they see a president passing a tax rate on small businesses above 40%. that one tax only pays for 8% of his proposed deficit spending. so this idea, look, overseas, which where i come from means lake superior. we both live near canada, right? the canadians have this figured out. the canadians lowered their taxes to 15%. president obama wants to tax our successful small businesses to go above 40%? when we tax our job creators at much higher tax rates than our foreign competitors tax theirs, they win, we lose. we have to get right with the idea that our jobs come from successful small businesses. we don't want to tax them more, we don't want to regulate them more, we want them to hire more. that is essential. [applause] and none of this is going to work. no business is going to be confident to take that risk to hire people, to advance people, to give people promotions and raises and job security if they see their government borrowing and spending like it is. we can't keep borrowing 36 cents of every dollar our government spends. we can't keep the federal reserve doing
CSPAN
Sep 29, 2012 2:00pm EDT
support early childhood to also stepped out to the tax-writing committees and point out all of the loopholes we can close and all of the increases that are viable and will provide the revenues we need to provide early childhood system our children and families deserve. i think that is doable. >> what a great panel. join me in saying thank you to all of our speakers today. [applause] we have are marching orders. -- we have our marching orders. we are adjourned. have a good afternoon. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> mr. president, do you think middle income americans are over or under taxed? >> i was not going to say this, but i cannot help it. there you go again. [laughter] i do not have a plan to tax or increase taxes. i am not going to increase taxes. i can understand why you are. as a senator, you voted 16 times to increase taxes. i believe our problem has not been that anybody in our country is under text. -- under taxed. had a 25% tax cut across the board that maintained the same productivity of
CSPAN
Sep 29, 2012 5:35pm EDT
specific about the prohibitions, and we're making clear that american tax dollars must never ever be used to support the trafficking of human beings. we will have zero tolerance. we mean what we say. no government can meet this challenge alone. everybody has a responsibility. every nation can take action. must be passed and enforced. victims must be cared for. the united states congress should renew the trafficking victims protection act. this is a no-brainer. we need to get that down. as nations, let's recommit to addressing the underlying forces that pushed so many into bondage in the first place. with development and economic growth that creates legitimate jobs, there is less likelihood of indentured servitude around child should ever be exported -- cultures of every country. a commitment to equality, as in the equal futures partnership we launched with other nations yesterday, so countries can empower our sisters and daughters. every business can take action. all the business leaders here, companies have the responsibility to make sure that their supply chains are free of forced
CSPAN
Sep 30, 2012 9:00pm EDT
, increasing the tax reallowance. with 50 million pounds. recouping five times that amount. i insisted, on the first and i conceded on the second. i stand by the package as a whole. as liberals we want to see the tax on work reduced, and the system as a whole, for those with middle incomes. let me make one thing clear. we have brought this level down, and this is still higher than the route labour's 13 years in office. and it will be reduced further in this parliament. [applause] all of the future cuts in taxation, as part one will clearly a test, to help people on low and middle income get on. all the parties will have to knowledge -- acknowledge this and that is inescapable. but who will have to tighten their belts the most? if we have to tell people to take less out, we will start with the richest and work our way down. we will do this in our own way. we will not gather ourselves to a detailed spending plan, and we should be proud of the fact airerwe have delivered f taxes and we are taking 2 million people out of income tax together. with more than 20 million others. and we should never lo
CSPAN
Oct 2, 2012 1:00pm EDT
it for the ideology. they are not in it because they want a tax break. we will think that at least some of these guys who give money are just too forward their beliefs. maybe that is starry eyed. at least in some cases, this is really not about consideration. that is not to say that their beliefs to outline of what material considerations. it is a little harder to tell this story of corruption. you can still tell the story of influence. the point of giving money to a candidate somewhere along the line is to change the way policy is made in this country. that will never go away. what do we do with the guys saying i like certain policies and i want to see more of that. >> there was an interview recently where it was said that there's a possibility of federal investigations. he was convinced it obama wins, they will pursue these. >> why not use the real one? >> the real one has already been flogged to death. >> having spent time -- sometimes the press gets it wrong in assuming that every -- anybody who gives money is a bad person. that is the assumption of the narrative. big bad money
CSPAN
Sep 27, 2012 10:00am EDT
would take the bargain of one dollar's worth of tax increases or $10 worth of basically tax cuts and everybody raised their hands and said they would not accept that. we have become a country where -- it is not just one side, both sides, but more one side now than ever is not willing to be realistic about how we can tackle these challenges. if there is a crisis that i see in the united states for the long term, it is not the temporal issue of how we will deal with money. because i am very confident we will be able to deal with that. it is how will we bring that -- bring back our sense of what we can accomplish together as americans when we are realistic about those challenges. that is the thing i think about with the word "crisis" in this country. >> mayor castro is not the first to suggest that. for 10 years now, we heard that the government is not asking all of us to do enough. >> it is interesting. the word "sacrifice," when i hear a politician say that, it usually means grab your wallet. it usually means increasing taxes. and i will give president obama credit to in his the first
CSPAN
Oct 4, 2012 6:00am EDT
we can do that. part of the way is to not give tax breaks to companies shipping jobs overseas. you can take a deduction for moving a planned overseas. most americans would say, "that does not make sense." if we take a balanced approach, that allows us to help young people make sure they can afford to go to college. the teacher i met in las vegas, who describes to me how she has 42 kids and her class, the first two weeks, she has some of them sitting on the floor until they got reassigned. they're using textbooks that are 10 years old. that is not a recipe for growth. that is not how america was built, but it reflects choices. we will have to make decisions. if we are asking for no revenue, that means we have to get rid of a bunch of stuff, and the magnitude of the tax cuts you're talking about would end up and severe hardship for people. it will not help us grow. when you talk about shifting medicaid to states, we are talking about a potential 30% cut. that may not seem like a big deal when it is numbers on a sheet of paper. if we are talking about a family with an autistic kid tha
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